Section 4-105-A - Payable through or payable at bank; collecting bank(1). If an item states that it is "payable through" a bank identified in the item:(a). The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and [1993, c. 293, Pt. B, §11(NEW).](b). The item may be presented for payment only by or through the bank. [1993, c. 293, Pt. B, §11(NEW).] [1993, c. 293, Pt. B, §11(NEW).]
(2). If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on that bank. [1993, c. 293, Pt. B, §11(NEW).]
(3). If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank. [1993, c. 293, Pt. B, §11(NEW).]
1993, c. 293, §B11 (NEW) .